Ethylene Oxide Europe Transcript
The European Ethylene Oxide report has an official contract range and this covers both the free-delivered North West European market and also the free delivered Mediterranean market.
The contract is, 95% is based on a formula movement and traditionally moves 82% on average of the Ethylene feed stock movement. The remaining 5% is on a freely negotiated basis and moves in line with supply and demand, and to a lesser extent, feedstocks.
The ICIS report provides invaluable pricing information and a number of players use that for ICIS-linked contracts.
The main downstream sectors include the industrial application markets, also the surfactants market and the seasonal business in the anti-freeze and downstream bottle sectors.
The report provides import pricing, market and production information for both buyers and sellers alike.